[size=36]Turkey's trade balance .. a large deficit and a decline in exports[/size]
announced that the Turkish Census Bureau, the growing deficit of the trade balance of the country dramatically in October, in light of declining exports and large increase in the volume of imports.
The trade deficit rose nearly fourfold to $ 1.808 billion in October from $ 497 million in the same month last year.
The website "Ahwal" specialized in Turkish, that the Turkish exports and with the calculation of seasonal variables and the number of working days, decreased by 0.5 percent, while imports rose by 3.6 percent, in October compared to the previous month.
The Turkish economy continues to face the repercussions of the devaluation of the Turkish currency last year, losing nearly 30 percent of its value against the dollar.
Turkey's currency crisis has caused a recession, rising inflation, rising unemployment and increased pressure on heavily indebted private companies.
The cost of insuring Turkey's sovereign debt against default risk rose to its highest level in October after Turkish troops launched a ground operation in Syria.